Watch List notes:

Theodosius I. AD 379-395. AV Solidus (21mm, 4.45 g, 6h). Thessalonica mint. Struck August-September AD 380. D N THEODO SIVS P F AVG, pearl-diademed, draped, and cuirassed bust right / VICTOR IA AVGG•, Theodosius I and Gratian enthroned facing, holding a globe between them; Victory above throne, with wings spread; palm frond between legs; THCOB. RIC IX 34g; Depeyrot 37/1 and pl. 21 (same obv. die). Toned, "A" graffito in exergue of reverse. Good VF.

From the Peter J. Merani Collection. Ex Marc Poncin Collection (Classical Numismatic Group 72, 14 June 2006), lot 1863; Leu 77 (11 May 2000), lot 712.